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Paola Andrea
Paola, 31, is a woman who is very clear about what she wants in life. Since she was a little girl her great passion has been cooking; it’s always pushed her to dream and go out in search of reaching her wish which is why she decided to develop her potential taking short cooking courses because the profession was beyond her reach due to her economic condition.

At the age of 20 she became pregnant and her child’s father never assumed his responsibility which led to her having to go to work in various restaurants in her town. She gained experience there and later left work because her son required much of her time. Because of this situation, in the middle of all this need, this woman saw an opportunity to create her own firm so started making products like desserts and marmalade that she started to sell in local stores and supermarkets.

Today, she’s looking for a loan to invest in the purchase of ingredients to make meals and to make physical adjustments to her kitchen at home in order to increase its productive capacity and generate higher profits.
View original language description ↓
Paola, de 31 años de edad es una mujer que tiene claro que quiere en la vida. Desde niña su gran pasión por la cocina siempre la impulsó a soñar e ir en búsqueda de lograr su deseo, por lo cual decidió desarrollar su potencial realizando cursos cortos de cocina, debido a que la profesión estuvo fuera de su alcance por su condición económica.
A los 20 años de edad, quedó en embarazo y el padre de su hijo nunca se responsabilizó, por lo cual debió comenzar a laborar en diferentes restaurantes de su municipio, allí adquirió experiencia y posteriormente se retiró debido a que su hijo le demandaba mucho tiempo. A raíz de esta situación esta mujer vio en medio de la necesidad una oportunidad de crear empresa por lo cual empezó a elaborar productos como postres, mermeladas y comercializarlos en las tiendas y supermercados de su localidad.
Hoy se encuentra en búsqueda de un crédito que invertirá en la compra de insumos para la fabricación de comidas y adecuaciones locativas para la cocina de su casa con el propósito de aumentar su capacidad de producción y generar mayores ingresos.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $11,100
    Average annual income
  • 414
    View loans »
    Colombia Loans Fundraising
  • $16,283,825
    Funds lent in using Kiva
  • 1,790.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Paola Andrea to buy food preparation ingredients.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 28, 2013
Feb 6, 2013
Currency Exchange Loss:
Aug 30, 2014